Why Gold Won’t Save You in a Real Crisis (But Stocks Will)
Key takeaways
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and SPDR S&P 500 ETF wasn t one of them.
- On a recent episode of The Investing for Beginners Podcast, co-host Andrew Sather offered a contrarian take on a piece of conventional wisdom that resurfaces every time markets wobble.
- "Just because something s a store of value doesn t mean it creates value," Sather said.
Why Gold Won’t Save You in a Real Crisis (But Stocks Will) Omor Ibne Ehsan Sun, May 3, 2026 at 10:51 PM GMT+7 4 min read GC=F SPY GLD ^GSPC NVDA Quick Read The S&P 500 ETF SPY ([NYSEARCA:SPY](https://247wallst.com/companies/SPY/)) is up 244.87% over ten years while the gold ETF GLD ([NYSEARCA:GLD](https://247wallst.com/companies/GLD/)) returned 237.57% over the same period, but equities outpaced gold over multi-decade horizons because underlying businesses generate compounding profits; U.S. corporate profits hit $4,352.1 billion in Q4 2025 with 9.6% year-over-year growth.
Long-term investors with 20-plus-year horizons don’t need gold as a hedge because equity recoveries compound over time, while gold produces no cash flows and only functions as a store of value rather than a value creator.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and SPDR S&P 500 ETF wasn t one of them. Get them here FREE.